Avocado Processing Market Growth by Region, Industry share, Size, Trends, Opportunities and Top Market Players
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Global Avocado Processing Market Trends:
The global market is primarily driven by the significant growth in the food industry. Rapid globalization, along with the inflating disposable income levels and shifting dietary preferences of the consumers, has contributed to the growing inclination toward global cuisines and westernization of food patterns. This, coupled with the escalating sales of processed and convenience foods across the globe, is providing a thrust to the market growth. Growing awareness among the masses regarding the health benefits offered by the consumption of avocadoes has contributed to an increase in their uptake. Several users are also replacing butter and vegetable oils with avocado oil in household and commercial settings due to its high concentration of beneficiary fatty acids. This, in turn, is acting as a major growth-inducing factor. Furthermore, the rising trend of personal grooming among the masses has catalyzed the demand for organic skincare and personal care products, which consist of avocado as an essential ingredient. The market is also driven by the rising popularity of frozen avocado and avocado sauce on the global level, along with the expansion of organized online retail channels. On account of the aforementioned factors, the market is anticipated to exhibit moderate growth during the forecast period (2020-2025).
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• On the basis of the product type, the market has been divided into guacamole, avocado oil, frozen avocado, avocado sauce and others. Among these, guacamole represents the most popular product type.
• On the basis of the application, the market has been classified into food and beverages, cosmetics, pharmaceuticals, and others, wherein food and beverages account for the majority of the total market share.
• On the geographical front, North America holds the leading position in the market. Some of the other major regions include Europe, Asia Pacific, Middle East and Africa, and Latin America.
• The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players. Some of these players include Hormel Foods Corporation, YUCATAN FOODS, Sabra Dipping Company, LLC, Calavo Growers, Inc., Salud Foodgroup Europe BV, Olivado, SPECTRUM ORGANIC PRODUCTS, LLC, GRUPO INDUSTRIAL BATELLERO S.A. de C.V., Sesajal S.A. de C.V., and The Village Press.
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